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May 7, 2021

Cryptocurrencies

EBay says open to accepting to cryptocurrencies in future, exploring NFTs

Reuters
An eBay sign at an office building in San Jose, California, May 28, 2014. REUTERS/Beck Diefenbach EBay Inc (EBAY.O) is open to the possibility of accepting cryptocurrency as a form of payment in the future and is looking at ways to get non-fungible tokens (NFTs) on its platform, the company......

Cryptocurrencies fall on possible Biden capital gains tax hike. Cramer, Draper and others react

CNBC
CNBC – For more and to sign up click here Cracks are forming in the cryptocurrency space. The overall crypto market lost more than $200 billion in Friday’s trading session after reports surfaced that President Joe Biden would seek to raise capital gains taxes on millionaire investors to fund other......

Novogratz: Dogecoin, bitcoin are both rallying but these cryptocurrencies are quite different

CNBC
CNBC – For more and to sign up click here Longtime cryptocurrency bull Mike Novogratz stressed Tuesday that bitcoin and dogecoin, while both have staged strong rallies this year, are very different in design and in their risk profiles. Bitcoin was launched in 2009 and it’s grown in fits and......

WeWork to begin accepting payments in cryptocurrencies

Reuters
A man walks out of a WeWork space in the Manhattan borough of New York City, New York, U.S., October 4, 2019. REUTERS/Carlo Allegri Office-sharing startup WeWork said on Tuesday it would begin accepting payments in select cryptocurrencies and partner with Coinbase Global Inc (COIN.O) and paymemt app Bitpay for......

Bitcoin tumbles from recent high as cryptocurrencies take weekend hit

CNBC
CNBC – For more and to sign up click here The price of bitcoin tumbled over the weekend and was down as much as 19.5% from record highs posted by the popular cryptocurrency in the past week. Bitcoin dropped as low as $52,148.98 on Sunday morning after reaching an all-time high......

In Coinbase’s Rise, a Reminder: Cryptocurrencies Use Lots of Energy

@BreaknNews
The stock market debut of Coinbase, a start-up that allows people to buy and sell cryptocurrencies like Bitcoin, is a watershed moment for digital money. It also threatens to lock in a technology with an astonishing environmental footprint. Cryptocurrencies use blockchain technology, which relies on specialized computers racing to solve......

Here’s what Coinbase is and how to use it to buy and sell cryptocurrencies

CNBC
CNBC – For more and to sign up click here Coinbase will be the first major crypto business to go public in the U.S. when it begins trading on Wednesday. At a reference price of $250 a share ahead of the NASDAQ direct listing, the company is worth about $65.3......

CEO of a top bitcoin exchange warns a crackdown on cryptocurrencies may be coming

CNBC
CNBC – For more and to sign up click here Yuriko Nakao | Getty Images Governments around the world may start to clamp down on the use of bitcoin and other cryptocurrencies, the CEO of a top crypto exchange has warned. A number of officials — from U.S. Treasury Secretary......

Bitcoin above $60,000 again, rises 1.32% to record $60,555.97

Reuters
A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken March 15, 2021. REUTERS/Dado Ruvic/Illustration (Reuters) – Bitcoin rose 1.32% to a record $60,555.97 on Saturday, breaking above $60,000 for a second time in 10 days. The world’s biggest and best-known cryptocurrency......

Coinbase investigating transaction delays on its financial platform

Reuters
(Reuters) – Coinbase Global Inc, the largest U.S. cryptocurrency exchange, said on Tuesday it was investigating issues that are causing delays in deposits and withdrawals on its Stellar platform. Stellar is its secure platform that connects banks, payments systems and users in a network and has its own cryptocurrency called......

Cryptocurrency market cap hits record $2 trillion; bitcoin’s at $1.1 trillion

Reuters
FILE PHOTO: Representations of the Ripple, bitcoin, etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo NEW YORK (Reuters) – The cryptocurrency market capitalization hit an all-time peak of $2 trillion on Monday, according to data and......

Japan’s central bank kicks off experiments on issuing digital currency

Reuters
FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon/File Photo TOKYO (Reuters) – The Bank of Japan (BOJ) began experiments on Monday to study the feasibility of issuing its own......

Britain will focus crypto rules on stablecoins, minister says

Reuters
LONDON (Reuters) – Britain will focus first on regulating stablecoins rather than the broader cryptocurrency market, its financial services minister said on Tuesday, citing the threat to competition should any major private effort dominate the emerging field. Facebook Inc’s move in 2019 to introduce its own stablecoin Diem, then known......

Exclusive: PayPal launches crypto checkout service

Reuters
LONDON (Reuters) – PayPal Holdings Inc will announce later on Tuesday that it has started allowing U.S. consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally, a move that could significantly boost use of digital assets in everyday commerce. Customers who hold bitcoin, ether,......

Bitcoin jumps to one-week high above $58,000

Reuters
FILE PHOTO: A collection of bitcoin (virtual currency) tokens are displayed in this picture illustration taken Dec. 8, 2017. REUTERS/Benoit Tessier/File Photo LONDON (Reuters) – Bitcoin jumped to a one-week high on Monday, rising as much as 4.5% to $58,300 and nearing a record high above $61,000 hit earlier this......

Baby boomers next to jump into crypto, Galaxy Digital’s Novogratz predicts

Reuters
By Anna Irrera, Tom Wilson LONDON, March 25 (Reuters) – Wealthy baby boomers will be the next generation to jump into cryptocurrencies as they become more mainstream, potentially bringing billions of dollars to the rallying sector, said Mike Novogratz, founder of crypto firm Galaxy Digital. “It could be as much......

Musk says Tesla vehicles can now be bought using bitcoin

Reuters
FILE PHOTO: Tesla Inc CEO Elon Musk speaks onstage during a delivery event for Tesla China-made Model 3 cars at its factory in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo (Reuters) -Tesla Inc chief Elon Musk said on Wednesday that a Tesla vehicle can now be bought using bitcoin......

Explainer: NFTs are hot. So what are they?

Reuters
(Reuters) – Non-fungible tokens (NFTs), a type of digital asset, have exploded in popularity this year, with NFT artworks selling for millions of dollars and musicians such as the Kings of Leon rock group embracing them for their latest album. FILE PHOTO: “EVERYDAYS: THE FIRST 5000 DAYS” is a collage,......

UPDATE 1-Coinbase to float about 114.9 million shares in U.S. listing

Reuters
(Adds details on listing, background) March 17 (Reuters) – Coinbase said on Wednesday it had registered about 114.9 million shares for its direct listing on the Nasdaq, setting the U.S. cryptocurrency exchange up for the highest-profile listing from a firm primarily focused on digital currency. Coinbase Global Inc, among the......

Bitcoin ATMs are coming to a gas station near you

Reuters
By Imani Moise, Anna Irrera (Reuters) – A new feature has appeared at smoke shops in Montana, gas stations in the Carolinas and delis in far-flung corners of New York City: a brightly-lit bitcoin ATM, where customers can buy or sell digital currency, and sometimes extract hard cash. FILE PHOTO:......

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